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Path to
success
Perjalanan Menuju kesuksesan
Project in Central Kalimantan. The company expects production to begin in early 2015 at an Edition 6 May 2014
A Mining Media publication www.mining-media.com
Indonesia
initial annual rate of 375,000 tonnes... .......................................................................................3
Path to
Preparations are progressing well for the inaugural Sumatra Miner conference and exhibi-
tion wat the Aryaduta Hotel in Palembang, South Sumatra, from October 22-24 ...............25
Mining Association expects production to reach as much as 450 million tonnes... ..............10
Cost reduction programs combined with the solid performance of its power business is help-
ing cushion Banpu from the impact of unfavourable coal prices. ........................................13 Although falling coal prices have put pressure on
producers around the world, including in
PT Bukit Asam is upgrading the capacity of Tarahan Port in South Sumatra through construc- Indonesia, the local industry is still growing, with
tion of new jetty that can accommodate a cape size vessel. ................................................14 Cokal Ltd one company that is moving along the
path to production. Pictured is Cokal chairman
Killara Resources has entered into an agreement with contractor Berkah Ciwi Lestari Kaltim and CEO Peter Lynch at an outcrop of coking
for development of and production from its Borneo Emas Hitam coal project. ......................16 coal at the BBM project in Central Kalimantan.
Production is expected to start at BBM in early
Jatenergy has signed a cooperation agreement with Realm Resources to jointly maximize the 2015. (see page 3).
value of adjoining coal resources in Central Kalimantan......................................................20 Photo courtesy Cokal Ltd
Churchill Mining advises that the International Centre for Settlement of Investment Disputes
has rejected the Republic of Indonesias challenges to the Tribunals jurisdiction. . ..............21
Adaro to lift production 7% - 12 Orpheus cash flow positive - 17 New feeder at Delta project - 19
AT a time when low prices are putting a severe strain on the thermal
coal industry, Indonesias Government is to be applauded for postpon- www.coalage.com
ing plans to increase royalties. It appears the government has listened
to small and medium miners concerned about the extra burden the pro-
posal would create. A group of miners met Energy Ministry officials in Coal Age Indonesia
late March to state their opposition to the plan to raise coal royalty pay- Suite 9, 880 Canterbury Road,
ments across the board to 13.5% from the current 3-7%. Among con- Box Hill, Melbourne,
cerns raised were low current prices, a declining imported coal market Victoria, 3128
in China and intense competition to sell coal in India. Australia
John Miller, editor
Subsequently a spokesman for the ministrys Directorate for Minerals Phone: +61 3 9899 2981
and Coal said the plan had been postponed because of low prices, stating it was not a Mobile: + 61 417 517 863
good time to implement an increase. It is not certain how long the postponement will stand
but for the sake of the industry, it must be as long as prices remain depressed.
Major Indonesian companies currently pay 13.5% coal royalty while small and mid-sized Editor - John Miller, jmiller@mining-media.com
producers pay 3-7%. The proposal is to impose a uniform 13.5% for all small and mid- Editorial director - Steve Fiscor, sfiscor@mining-media.com
sized producers holding IUP coal mining licences. It would not affect coal contract of work Europe - Simon Walker, simon.iets@btinternet.com
(CCOW) holders. The price slump means most Indonesian producers, including majors, North America - Russ Carter, russ.carter.emj@gmail.com
face tough decisions likely to result in closure of unprofitable mines. Asia Resource
Latin America - Oscar Martinez, omartin1@ctcinternet.cl
Minerals (ARMS), Indonesias fifth biggest exporter of thermal coal, is one such miner. It
is considering closing its largest pit, Lati, where almost half its 2013 production was South Africa - Antonio Ruffini, antonior@absamail.co.za
sourced but is not alone as Glencore Xstrata, Rio Tinto and BHP Billiton have either halt-
ed coal operations or shelved expansion plans. SALES
Prices in late March last week dropped to $73 a tonne, the lowest since November 2009,
Publisher - Lanita Idrus, lidrus@mining-media.com
amid a supply glut thats projected by UBS AG to be the equivalent of 4% of annual
seaborne trade this year. ARMS chief executive officer Nick von Schirnding says it is Indonesia -Dimas Abdillah, dabdillah@mining-media.com
crunch time for the business and for the coal industry as a whole. We are just break-even, North America - Victor Matteucci,
but if this level of thermal coal price continues for the rest of the year, and bear in mind we vmatteucci@mining-media.com
havent been above $80 this year, we may have to take further action. Latin America - Mauricio Godoy,
Indonesia can ill afford to see widespread mine closures and the government must do mgodoy@mining-media.com
what it can to support the industry in these difficult times. Germany, Austria, Switzerland - Gerd Strasmann,
strasmannmedia@t-online.de
Waktu yang tepat untuk menangguhkan royalty Rest of Europe - Colm Barry, colm.barry@telia.com
DITENGAH-tengah harga rendah yang sedang mengakibatkan ketegangan dalam industri - Jeff Draycott, jeff.draycott@WOMPint.com
batubara termal, penghargaan pada pemerintah Indonesia yang menangguhkan rencana- Japan - Masao Ishiguro, Ishiguro@irm.jp
rencana kenaikan royaltinya. Nampaknya pemerintah ada mempertimbangkan keluhan
keprihatinan tambang-tambang kecil dan menengah atas tambahan beban yang harus
mereka pikul karena rencana-rencana tersebut.
Sebuah kumpulan penambang menemui pejabat-pejabat Kementerian Tenaga/Enersi di Mining Media International
akhir Maret mengajukan oposisi mereka terhadap rencana kenaikan royalti batubara dari 8751 East Hampden, Suite B-1
3.7% ke 13.5%. Antara keprihatinan yang diajukan termasuk harga rendah pada masa ini, Denver, Colorado 80231, U.S.A.
pasaran batubara impor di Cina dan perdagangan barubara yang sangat kompetitif di India. Phone: +1 303-283-0640 Fax: +1 303-283-0641
Menyusul kejadian tersebut jurubicara Direktorat Logam dan Batubara dari Kementerian
itu berkata rencana terkait ditangguhkan oleh karena harga yang rendah, dan dengan Publisher - Peter Johnson, pjohnson@mining-media.com
demikian sekarang bukanlah waktu yang tepat untuk melaksanakan kenaikan. Tidak dike- Subscriptions - Tanna Holzer,
tahui sampai kapan penangguhan ini berlaku, namun untuk kebaikan industri, seharusnya tholzer@mining-media.com
ia berlaku selama harga tetap rendah dan industri tetap meghadapi kesulitan berusaha. Accounting - Lorraine Mestas, lmestas@mining-media.com
Pada waktu ini perusahaan-perusahaan besar Indonesia membayar 13.5% royalti sedang-
kan kecil dan menengah membayar 3.7%. Rencananya adalah mengenakan 13.5% royalti
pada produsen-produsen kecil dan menengah yang memegang izin IUP batubara. Ini tidak Coal Age Indonesia is published two times per year by
berdampak pada pemegang kontrak kerja batubara (CCOW). Jatuhnya harga berarti para Mining Media International. Every endeavour is made to
produsen termasuk yang besar, menghadapi keputusan-keputusan berat yang akan berakhir ensure that the contents are correct at time of publication.
dengan penutupan tambang-tambang yang tidak menguntungkan. Pengekspor batubara The Publisher and Editors do not endorse the opinions
Indonesia kelima terbesar, Asia Resources Minerals adalah salah satunya. Ia sedang mem- expressed in the magazine. Editorial advice is non-specific
pertimbangkan penutupan Lati, tambang terbesarnya dimana hampir setengah dari produk- and readers are advised to seek professional advice for spe-
si 2013-nya dihasilkan. Tetapi Glencore, Xstrata, Rio Tinto dan BHP Biliton juga telah cific issues. Images and written material submitted for publi-
menghentikan oprasi batubara atau mengundurkan rencana-rencana ekspansi mereka. cation are sent at the owners risk and while every care is
Harga pada akhir Maret jatuh sampai $73 per ton, terendah sejak November 2009, diten- taken, Coal Age Indonesia does not accept liability for loss
gah-tengah ketiadaan suplai yang diperkirakan oleh UBS AG sama dengan 4% pasaran or damage. Coal Age Indonesia reserves the right to mod-
melalui laut tahun ini. Dirut ARMS Nick von Schirnding mengatakan ini adalah waktu terbu- ify editorial and advertisement content. The contents may
ruk untuk bisnis dan industri batubara secara keseluruhan. Sekarang kami seimbang, tapi not be reproduced in whole or in part without the written per-
kalau harga batubara berterusan seperti ini, dan belum pernah mencapai $80 tahun ini, kami mission of the publisher.
terpaksa mengambil tindakan selanjutnya. Copyright 2013 Mining Media International Pty Ltd
Indonesia tidak bisa mengalami penutupan pertambangan secara besar-besaran dan
pemerintah harus membantu industri pada masa-masa sulit sekarang ini. ISSN: 1832-7966
2 l Coal Age Indonesia l May 2014
Road to success
DFS shows an even lower upfront capital cost so ured except the final step, the production forestry final permit we have to peg the outline of the per-
we have decided to delay a little of the capital permit. We commenced the application for this in mit using square concrete posts.
spend so we can get into cashflow sooner and then February 2013 and it is now with the Minister. In regards to financing Peter Lynch says Cokal
fund enhancements in the following 12-18 months There were some minor issues, including chang- has been in discussions with a number of parties
after production begins. The DFS reinforced our ing coordinates on the survey plan. In Indonesia for a long time. After receiving the PFS we start-
view on operating and capital costs, backed up, there are regency, provincial and national govern- ed a closed expressions of interest process
particularly with larger items, by actual quotations ment levels, and there can be a lot of too-ing and involving companies we knew and trusted steel
from contractors and suppliers. fro-ing between departments. mills, trading houses, finance sources many of
Once we have the permit we have essentially who had approached us directly. We didnt just
Final steps jumped all major hurdles, having already secured open the gates and ask is anyone interested we
Peter Lynch says all permitting has been sec- the production mining licence. After receiving the targeted those familiar with the project. Now we
have the DFS these contacts are re-
checking their numbers using the
definitive information to come up with
final funding positions. Attainment of
the production forestry permit is like a
condition precedent they need to see
satisfied before committing.
We have now chosen to accept a
US$150 million debt funding proposal
from Platinum Partners which pro-
vides an initial US$80 million to
US$100 million to cover the initial
capital cost of the BBM project to a
design capacity of 2 million tonnes.
Further drawdowns are accessible as
project delivery performance is
demonstrated.
If construction starts in April, we
can essentially put the first coal down
the river in the first quarter of 2015.
The schedule may be slipping a little
but we are not giving up on it yet. We
have a buffer in the schedule but it
depends when we receive the forestry
permit.
The production profile for the first
six months sees us budgeting to pro-
The BBM permit area adjoins the Barito River in Central Kalimantan. duce 375,000 tonnes of product coal,
produksi kehutanan. Kami memulai permoho- menanyakan apakah ada yang tertarik kami Didalam profil produksi untuk enam bulan perta-
nan untuk ini di bulan Februari 2013 dan tujukan kepada mereka yang mengetahui proyek ma kami menganggarkan jumlah produksi
sekarang ada ditangan Menteri. Ada beberapa isu ini. Sekarang kami mempunyai DFS hubungan- sebanyak 375.000 ton batubara, menggunakan
kecil, termasuk mengganti koordinat di rencana hubungan kami ini sedang memeriksa kembali peningkatan produksi yang lembut. Setelah itu
survey. Di Indonesia ada tahap-tahap pemerinta- angka-angka mereka menggunakan informasi kami mengharapkan beroperasi pada taraf kapa-
han kabupaten, propinsi dan pusat dan kemungk- pasti untuk dapat memperkirakan kedudukan sitas per tahun penuh.
inan ada ulang-alik antar departemen. pembiayaan terakhir. Mendapatkan izin produk-
Begitu kami dapatkan izin ini, berarti kami si kehutanan adalah sama dengan pra-kondisi
Setelah BBM
telah melompati semua rintangan-rintangan yang akan memuaskan mereka sebelum komit. Cokal telah mengundurkan diri dari proyek-
besar, karena telah mendapatkan izin produksi Kami sekarang telah memilih untuk meneri- proyek Indonesia yang lain untuk berfokus pada
pertambangan. Setelah menerima izin terkahir ma rencana pembiayaan hutang sebesar US$150 BBM. Begitu ia dibiayai dan memproduksi, pri-
ini, kami harus menandakan batas-batas tercan- jutadari Platinum Partners yang menyediakan oritas selanjutnya adalah proyek TBAR didekat-
tum dalam izin menggunakan tiang-tiang batu mula-mula US$80 juta s/d US$100 juta untuk nya. Kami sedang memohon izin eksplorasi
segi empatbeton. menutupi biaya modal permulaanproyek BBM kehutanan yang memungkinkan kami menggu-
Mengenai pembiayaan Peter Lynch men- untuk mendesain kapasitas 2 juta ton. nakan alat-alat pembor dengan kapasitas tinggi
gatakan bahwa Cokal telah membincangkan Pengeluaran selanjutnya didapat tergantung pada bagi membuktikan sumber, kata Peter Lynch.
dengan beberapa partai selama ini. Setelah kenyataan hasil yang diserahkan. Ia adalah prioritas selanjutnya oleh karena
menerima PFS kami memulai sebuah proses Seandainya konstruksi bermula bulan April, kalau kami temui sumber-sumber yang mem-
pernyataan keinginan tertutup menyangkut kami akan dapat mengirim batubara pertama kali punyai mutu dan jumlah yang mencukupi, kami
perusahaan-perusahaan yang kami ketahui dan diatas sungai dalam kwartal 2015. Jadwal kemu- dapat meningkatkan produksi tahunan BBM atau
percayakan pabrik baja, perusahaan-perushaan ngkinan mengundur sedikit, namun kami belum menambah umur tambang yang akan mem-
perdagangan, sumber-sumber keuangan yang lagi menyerah dalam hal ini. Kami mempunyai berikan hasil yang lebih banyak untuk pengem-
kebanyakannya telah menghubungi kami lang- sedikit kemudahan walaupun ianya bergantung balian biaya infrastruktur.
sung. Kami tidak membuka pintu begitu saja dan pada kapan kami menerima izin kehutanan. Sebagian besar modal BBM akan ditanam
dalam jalan pengangkutan berat, jeti bongkar yang tinggi dan phosphor yang rendah. Batubara ton produksi tahunan.
muat tongkang, perusahaan joint venture yang daerah Barito Utara mengandung vitrinit yang
sedang kami dirikan untuk sistim pengangkutan tinggi, hampir tidak berphosphor dan sulphur
Kerja bersama
air special dan tumpukan pengantara. Lebih rendah, membuatnya ideal untuk pencampuran. Peter Lynch mengatakan ini adalah lingkun-
banyak batubara kami keluarkan dari modal Daerah ini hanya mempunyai dua tambang gan yang sulit untuk membawa peoyrek ke
maka lebih baik lah keadaan kami. yang beroperasi Borneo Lumbung dengan kap- pasaran dengan minat untuk batubara arang pada
Diluar itu, katanya, adalah memfokuskan diri asitas tahunan sebesar 3.5 juta ton dan MGM 1.5 taraf yang paling rendah dan harga-harga tak
pada daerah batubara arang yang belum diban- juta ton namun diperbesar ke 2.5 juta ton ham- menentu, sedangkan dalam siklus politik di
gun. Daerah Barito Utara mempunyai lebih pir sama dengan keadaan daerah Bowen pada Indonesia juga tak dapat diprediksi oleh karena
kurang 10 milyar ton cadangan ketimbang daer- akhir 1960han dan awal 1970. pemilihan presiden baru dimasa mendatang
ah Bowen di Queensland dengan 35 milyar. Ia Kami telah melaksanakan banyak aktivitas tahun ini.
juga batubara yang sangat diingini sebagai kom- untuk mengetahui bagian-bagian dari proyek- Rezim kini telah dikritik karena tidak banyak
plimenter batubara arang dari Australia dan proyek yang ada dan bagaimana mengkompli- berbuat apa-apa tapi telah menangani korupsi
Mozambique. Batubara baru dari formasi menter apa yang kami sedang kerjakan. Fokus dan telah mengkonsolidasi situasi dengan semua
Rangles yang sedang dibangun di Queensland kami adalah dibagian barat dimana kami mem- orang bekerja bersama-sama dan majukedepan,
Tengah berciri vitrinit punyai empat proyek, termasuk AAK dan AAM. walupun perlahan-lahan,
lebih rendah dan kadar phosphor yang lebih ting- Tujuan kami adalah membina dasar yang kuat Saya percaya ini telah menjadi persiapan
gi dari batubara dari daerah Bowen, sedangkan dimana ada potensi untuk tumbuh dalam 10 untuk pertumbuhan yang signifikan setelah
batubara Mozambique mengandung kadar abu tahun kedepan dalam rangka mencapai 10 juta pemilihan presiden. Memang diketahui bahwa
The current regime has been criticized for not highly educated and young demographic, and When Indonesia starts to become the flavour of
doing much but they have made inroads into tack- everyone wants to get ahead resulting in a lot of the month every man and his dog will be there, so
ling corruption and have consolidated the country aspirational activity. we have an early mover advantage.
by getting everyone working together and moving There is a lot of foreign investment interest but Theres a positive feel amongst the people and
forward, albeit slowly. many are holding off and waiting for the election. Indonesia has a bright future. To me its a safer
I believe this has set the scene for significant Once this is over, and I think there will be a posi- place to do business than Australia, the people
growth following the presidential election. After tive result, investment will start pouring in. want to learn so they can do better and the labour
all, Indonesia has the worlds fourth biggest popu- Where we sit, if we can get into production cost is incredibly cheap. In provincial areas the
lation, a 5-6% growth rate, is resource rich, has a now, we will be at the start of the growth wave. labour rate is about half that of inland
China. Indonesia also has a competitive
cost structure. As the economy picks up
costs will increase but there is still a signif-
icant buffer to the Chinese structure.
Indonesians are all about pride, they
love getting a chance to have a go and
smaller companies like Cokal offer quality
opportunities for them to play a significant
role in the companys development. They
like having the autonomy we offer and
want to see Cokal do better. They set out
each day to prove that you have done the
right thing by employing them.
Indonesian growth
Many people talk about growth in
China and India but forget about
Indonesia. The worst ones at doing this are
Australians, despite Indonesia being so
close and Australia being well positioned
to capitalize on growth there as the two
societies are complementary, he says.
Australia has a lot of wealth, a small
population, expertise and has been through
what Indonesia is experiencing now
around 35 years ago. Indonesia is strug-
gling with things like resource nationalism
Cokal chairman Peter Lynch in front of an outcrop of coking coal at the BBM project. Cokal and downstream processing which is what
expects production at BBM to start in early 2015. Australia went through in the 1970s.
Indonesia mempunyai penduduk keempat terbe- naik juga namun masih banyak perbedaan den- 35 tahun yang lalu. Indonesia menghadapi tanta-
sar, peningkatan penduduk sebesar 5-6%, kaya gan struktur Cina. ngan mengenai nasionalisme sumber alam dan
sumber alam, mempunyai demografi muda dan Orang Indonesia adalah bangsa yang bangga, pemerosesan lanjut yang dilalui Australia
berpendidikan tinggi, dan semua ingin maju mereka meningini kesempatan untuk mencoba ditahun-tahun 1970han.
kedepan, sehingga menghasilkan banyak aktivi- dan perusahaan-perusahaan kecil seperti Cokal Kedua negara seharusnya membagi-bagi
tas beraspirasi tinggi. Minat investasi asing dapat memberikannya sehingga mereka dapat pengalaman dan para produksi Australia mem-
cukup banyak namun kebanyakan menunda memainkan peranan yang signifikan untuk per- pertimbangkan pindah ke Indonesia dimana
keputusan menunggu pemilihan presiden. tumbuhan perusahaan. mereka mempunyai kelangsungan hidup yang
Setelah itu, saya kira akan ada hasil positif, Mereka suka akan otonomi yang kami lebih baik. Dengan demikian Australia mempun-
investasi akan mulai berdatangan. berikan dan ingin melihat Cokal menghasilkan yai industry suku cadang yang kuat untuk indus-
Dimana kita berada, kalau dapat berproduksi yang lebih baik. Mereka berusaha tiap hari untuk tri produksi Indonesia.
sekarang, kami akan menjadi tombak gelombang membuktikan bahwa kami telah bertindak benar
pertumbuhan. Nanti Indonesia menjadi favorit dengan mempekerjakan mereka.
Pemberdayaan diri
siapapun aka nada disana, jadi kami mempunyai Kalimantan Tengah tidak mempunyai sejarah
keuntungan sebagai orang yang paling awal dis-
Pertumbuhan Indonesia pertambangan, lain dari Kalimantan Timur, dan
ana. Ada perasaan positif diantara penduduk dan Banyak orang bicara mengenai pertumbuhan Cokal memutuskan awal awal lagi berkecim-
Indonesia mempunyai masa depan yang cerah. di Cina dan India tapi lupa akan Indonesia. Yang pung dalam Tanggung Jawab Sosial Korporat
Untuk saya lebih aman menlaksanakan bisnis paling buruk adalah orang-orang Australia, (Corporate Social Responsibility CSR). Kata
disini daripada di Australia, orang-orangnya walaupun Indonesia begitu dekat dan Australia Peter Lynch, karena segalanya relatif murah dan
ingin belajar jadi mereka bisa mlaksanakan yang berada disisi terbaik untuk mengambil keuntun- tidak makan ongkos banyak untuk perusahaan-
lebih baik sedangkan biaya buruh sangat murah. gan dari pertumbuhan disana karena kedua perusahaan pertambangan, tapi mempunyai
Di daerah propinsi biaya buruh lebih kurang masyarakatnya berkomplimenter, katanya. dampak yang besar tergantung bagaimana ia
setengah dari di dataran Cina. Indonesia juga Australia mempunyai banyak kekayaan, dilaksanakannya.
mempunyai struktur harga yang kompetitif. penduduk yang kecil, keahlian dan telah melalui Cokal telah membantu membangun sebuah
Kalau ekonomi membaik tentunya biaya akan apa yang tengah dialami Indonesia lebih kurang sekolah SMP. Penduduk lebih kurang 12,000
sekitar 60 km dari tempat kami dan sebelum itu guru, jadi kami menegosiasikan sebuah sistim pajak ke pemerintah dan mempekerjakan orang-
anak-anak tersebut dapat mencapai akhir SD dan pembiayaan dengan pemerintah propinsi. Kami orang setempat.
keluar sekolah karena ke SMP sangat jauh sediakan biaya untuk pemerintah mempeker- Ini sama dengan model pemberdayaan yang
lebih kurang 3 jam perjalanan arah ke muara dan jakan empat guru tambahan yang menjadi bagian dijalankan oleh Medusa Mining di Filipina. Ini
di akhir hari hal yang sama arah ke hulu. Kami dari sistim pendidikan propinsi. bukan saja mengenai pendidikan pertambangan,
berbincang dengan masyarakat, menanyakan Kami telah komit akan ini untuk empat tahun tapi juga Pertanian yang membantu
mereka apa kira-kiranya dapat membuat perbe- dan mengharapkan setelah itu mempunyai meningkatkan produktivitas dari tanam-tanaman.
daan dan jawaban pertama dan utama selalu mekanisme anggaran belanja untuk memastikan Dengan demikian mereka tidak saja tergan-
adalah pendidikan. bahwa hal ini akan berkesinambungan. Kami tung pada proyek pertambangan ia bertambah
Untuk jangan hanya menjadi penyedia uang, mencoba membantu bukan dengan mentalitas kepada peningkatakan ekonomi yang belraku
kami katakan kalau anda dapat memnyediakan member melainkan memberdayakan mereka. masa ini.
tenaga kerja, kami akan membiayai materi. Kami juga membantu masyarakat setempat
Seluruh masyarakat turun tangan dan memban- mendirikan koperasi yang menyediakan bahan
Faedah-faedah Indonesia
gun sebuah sekolah SMP dalam waktu hanya makanan, makanan, bahan bakar dan barang- Ketimbang waktu merealisasikan proyek per-
beberapa bulan dengan kami membayar untuk barang lain yang diperlukan. tambangan Australia, jalan ke produksi untuk
kayu, beton, cat dan materi-materi lainnya. Ianya juga membantu dalam proyek-proyek Cokal relatif pendek. Peter Lyunch mengatakan
Mereka juga bangga bahwa itu milik mereka dan pembangunan dan persediaan kemah-kemah bahwa dalam masa 10 tahun kebelakang
kami hanya membantu mencapainya. sementara di sekeliling tambang. Australia telah mundur dalam hal ini. Dulu
Tentunya juga sekolah memerlukan guru- Mereka beraksi sebagai kontraktor ini dapat membawa proyek ke produksi dalam
guru dan kami tidak ingin menjadi majikan para adalah usaha mereka sendiri, mereka membayar waktu dua atau tiga tahun, tapi sekarang lima
Barging is the preferred method of transport for coal from the BBM project with the BaritoRiver tobeused.
It is a similar self-empowerment model to that slog. In Indonesia the system is bureaucratic tary process because local politicians dont want
established by Medusa Mining in the Philippines. because of the levels of government in various to face up to some perception of negative senti-
It is not just about mining education, but also agri- stages of autonomy but overall there is a strong ment.
culture which helps get better productivity from desire to move forward and make things happen. It hasnt always been easy in Indonesia owing
crops. In this way they dont just rely on the min- Despite the bureaucracy, the underlying drive has to the bureaucracy with one level of government
ing project - it extends into betterment of the ensured that the approvals system is of an interna- thinking the process works differently to what
ongoing existing economy. tional standard, including AMDAL for environ- another government level believes.
mental approvals. Despite this, theres ultimately a way through.
Indonesian advantages At least you know what you are dealing with Cokal has been aided by establishing a successful
Compared to Australias timeline for bringing whereas in Australia there is supposedly a system Indonesian team. We use some consultants but
mining projects on line, it has been a relatively but it is subjective and politically tarnished. have a very strong team which fully understands
short road towards production for Cokal. Peter Whenever a new project comes up, as soon as the process. We even have government using us
Lynch says in the last 10 years Australia has gone a group becomes vocal with their concerns, the as an example to others.
backwards in this regard. company, which has often done a detailed techni- Our BBM process for the AMDAL and min-
It was possible to get projects into production cal review identifying all issues, is often forced to ing approvals is used as a model for the province
in two or three years but now it is a five to 10 year go into a time-consuming and costly supplemen- to progress further projects.
LEFT: A sample
of coking coal
from Cokals
BBM project in
Central
Kalimantan.
sampai sepuluh tahun jalan yang lamban. sedangkan di Australia katanya ada sistim tapi demikian akan selalu ada penyelesaiannya. Cokal
Di Indonesia sistimnya memang birokratis ianya subjektif dan diwarnai oleh politik. Setiap telah dibantu dengan mendirikan sebuah tim
karena banyaknya tahap pemerintahan dan ada proyek baru, kalau terbuka mengenai isu-isun- Indonesia yang sukses.
dalam tahap-tahap otonomi ber beda, tapi secara ya, sering dipaksa untuk menjalani proses-proses Kami menggunakan beberapa konsultan tapi
keseluruhan ada keinginan untuk maju kedepan sekunder oleh karena para orang politik setempat mempunyai tim yang kuat yang mengerti proses
dan melaksanakan hasil. tidak mau menghadapi persepsi of sentiment yang seluruhnya.
Walaupun birokratis, keinginan ini telah negative. Malah ada pemerintahan yang menggunakan
menghasilkan sistim pengizinan yang bertraf Tidak selalunya mudah di Indonesia oleh kare- kami sebagain contoh kepada orang lain. Proses
internasional termasuk AMDAL untuk izin na birokrasi pada satu tingkat pemerintahan BBM kami untuk AMDAL dan izin-izin pertam-
lingkungan. berpikir prosesnya berjalan berlainan dari tingkat bangan digunakan sebagai contoh untuk propinsi
Sedikitnya kita tahu apa yang kita hadapi pemerintahan yang lain kehendaki. Walaupun memajukan progress proyek-proyek.
Risk reward investment Indonesian and Australian coal projects are that vessels. This compares to costs of up to $13 per
infrastructure costs are a lot less and transport tonne to get Australian coal to vessels. As well as
Peter Lynch says as an investment destination approvals much simpler, particularly for projects being much cheaper, easier and quicker, you
Indonesia is perceived as being high risk but it is serviced by a river. dont have the inter-relationship hassles often
risk that is rewarded: the geological potential of We dont need to form a complicated consor- seen in rail and port deals.
Indonesia is largely untapped which means jun- tium to negotiate further capacity on rail lines or We have good faith in Indonesia despite many
iors operating in Australia have to contend with ports, which are often controlled by a major. The people saying bad things.
more marginal projects; in terms of approvals it is cost to get the coal to an ocean-going vessel is We dont listen to the chit-chat; were having
quicker in Indonesia; labour rates are at least a much less, at about $2.54 per tonne for Cokal, a go and believe well be rewarded because we
tenth of the cost of Australia; and there is half the and we dont have to put capital into that process have a good company set-up, giving us respect
shipping distance to the main markets of China, apart from the barging fleet. from the country, which will ultimately lead to
Korea, Japan and India. All we have to do is sign a contract with the positive project outcomes.
The significant differences between most floating crane operators to load from barges to q www.cokal.com.au
Cokal Indonesia president director Garry Kielenstyn awards university scholarships in Murung Raya Regency as part of the companys CSR pro-
gram in Indonesia.
Investasi risiko berimbalan baik dari proyek-proyek batubara Indonesia dan batubara Australia ke kapal laut. Disamping jauh
Australia ialah biaya infrastruktur jauh kurangnya lebih murah, mudah dan cepat, kita juga tidak
Katanya sebagai destinasi investasi Indonesia dan izin pengangkutan jauh lebih mudah, apalagi harus menghadapi masalah-masalah antar-hubun-
dilihat sebagai ber-risiko tinggi tapi ini risiko proyek-proyek yang menggunakan sungai. Kami gan yang sering kita lihat antara keretapi dan
yang mempunyai imbalan: potensi geologis tidak perlu mendirikan consortium yang berbelit- pelabuhan.
Indonesia kebanyakan belum digali yang berarti belit untuk menambahkan kapasitas melalui kere- Kami mempunyai kepercayaan baik akan
orang-orang junior di Australia terpaksa meneri- tapi atau pelabuhan, yang sering dikendalikan Indonesia walaupun banyak yang mengatakan
ma mengerjakan proyek-proyek yang pinggiran; oleh sebuah monopoli. Biaya pengangkutan ke hal-hal buruk. Kami tidak mau mendengar gosiop;
dalam hal pengizinan ini lebih cepat di Indonesia; kapal laut jauh lebih murah, lebih kurang $2.54 kami mencoba dan percaya akan mendapat imbal-
biaya buruh hanya sepersepuluh biaya di per ton untuk Cokal, dan kami tidak perlu mema- an karena kami mempunyai pendirian perusahaan
Australia; dan setengah jarak ke pasaran-pasaran sukkan modal kedalam proses tersebut kecuali yang baik, mendapatkan rasa hormat dari negara,
utama Cina, Korean, Jepang dan India. armada tongkang. Ini bisa dibandingkan dengan yang akhirnya akan menjuju ke hasil-hasil yang
Perbedaan yang menyolok antara kebanyakan biaya yang hampir $13 per ton untuk memuat positif.
Direktur stake in PT Kaltim Prima Coal Jorong to close mine in 2018 Indonesia governments on the Promotion and
(KPC) related infrastructure assets. KPC owns Protection of Investments, and the agreement
one of the largest thermal coal-producing mines PT Jorong Barutama Greston plans to close a between the Australian and Indonesian govern-
in the world. coal mining operation in South Kalimantan in ments concerning the Promotion and Protection
It is part of the $500 million agreement Tata 2018. of Investments.
Power announced on January 31 regarding the The subsidiary of PT Indo Tambangraya APAC is sourcing a litigation funder to fund
sale of the 30% stake it held in mining compa- Megah (ITMG) has signed a Memorandum of the full cost of the International Centre for
ny PT Arutmin Indonesia, and its associated Understanding to renegotiate the contract with Settlement of Investment Disputes arbitration
infrastructure assets, to the Bakrie Group. the Ministry of Energy and Mineral Resources. since it has exceeded the six month waiting
Continuing losses at Mundra Ultra Mega ITMG director Leksono Poeranto says period for the Indonesian authorities to respond
Power Project (UMPP) in Gujarat, India, have Jorong has pocketed a working contract licence to its Letter of Intent to Resolve Investment
created stress on Tata Powers balance sheet. for coal mining and exploitation (PKP2B) of Dispute through Consultations and
Keeping the under-recovery challenges in the second generation, which will expire in Negotiations under the Business Investment
Mundra UMPP operations and cash flow con- 2028. Treaty on the Promotion and Protection of
cerns in mind, we have signed an agreement to However, the coal reserves will run out in Investments.
exit from PT Arutmin Indonesia to get addition- three years, so the company has initiated a mine
al cash flow and to reduce our consolidated closure operation in our concession area. Mamahak production
debt, Tata Powers managing director Anil Jorong manages 50% of the entire concession remains suspended
Sardana said. area of 9000 hectares. The company has been in
Production at Kangaroo Resources
production since December 10, 1999, and has
Mamahak Coal Project remains suspended
Energy Earth to acquire produced about 40 million tonnes of coal with a
pending the results of ongoing drilling aimed at
calorific value of 5300-5800 kcal.
three mines identifying additional mineable coal resources
The company has assigned Lambung
Energy Earth, a Thai-based, SET-listed coal and reserves.
Mangkurat University to assist with the closure.
miner and distributor, will acquire three mines During the first quarter of 2014 all remaining
in Kalimantan to support a goal of more than PTT Plc plans to list coal product was relocated to stockpiles at the
doubling coal sales to 20 million tonnes by Long Hubung port area on the Mahakam River
Sakari Resources but low river water levels prevented the barging
2016.
The company currently operates a mine in Thai energy firm PTT Plc plans to list the of any coal during the quarter, as was the case
Myanmar through a joint operating agreement shares of its subsidiary coal business, Sakari in the previous quarter.
with a local partner. This mine, for which Resources, on the Indonesia Stock Exchange. Remaining coal product stockpiles of around
Energy Earth is the operator and distributor of CEO Surong Bulakul says the plan will be real- 67,308 tonnes will be barged and sold as soon
the coal, has reserves of 40 million tonnes. ized in the next two years when global coal as river levels normalize and allow barging to
Energy Earth intends to issue debentures prices increase. recommence. Bedding coal at the port currently
worth 5 billion Thai baht to buy a fifth mine in PTT first entered Indonesias coal business in totals 4199 tonnes and this will also be barged
2016. The companys five-year plan through 2008 by acquiring a 94% stake in Sakari and sold when conditions permit, subject to
2016 envisions five mines operating and coal Resources, which operates mines at Sebuku and quality and markets.
sales more than doubling to 20 million tonnes a Jembayan in Kalimantan. Sakaris listing was Site investigation and exploration activities
year, up from 8 million tonnes last year. then removed from the Singapore Stock continued during the quarter with three explo-
In January this year, Energy Earth moved Exchange. ration drill rigs in operation at the MCM con-
from the Market for Alternative Investment to We have been considering listing Sakari on cession area along with one rig at the MEL con-
the SET. It also intends to set up a new sub- the Indonesia Stock Exchange but the low price cession.
sidiary based in Hong Kong during May called of coal led us to postpone the listing, Surong A total of 102 bore holes were drilled at
Energy Earth (Hong Kong) Company Ltd. Bulakul says. MCM during the quarter for an aggregate total
To address the decline in coal prices, PTT of 4721 metres and a further 39 holes equating
Waratah signs joint plans to cut production costs, restructure to 2318 metres were completed at MEL.
administration such as human resources and Drilling in MELs Western Area was completed
venture agreement at the end of March with 131 holes having been
logistics as well as increase the efficiency of
ASX-listed Waratah Resources has executed production. drilling in the area since June 2013. A new geo-
a Heads of Agreement with Marylebone Capital It predicts global coal prices to increase to logical model is being developed for the MEL
Corporation, regarding an Indonesian coal joint US$80 later this year, driven by a surge in concession to enable an initial resource assess-
venture. Waratah and Marylebone are conduct- demand from major sectors in China, India and ment to be made.
ing negotiations with several coal producers in Japan. Kangaroos renewal application for the
Indonesia, and have signed a co-operative forestry permit at the MCM mining areas has
agreement to reflect this joint venture. APAC Coal in been submitted and is being processed by the
Marylebone is an investment house specializ- investment dispute Ministry of Forestry. A formal request has been
ing in resources and property, and has devel- prepared for submission to the Ministry to
oped relationships with global coal and iron ore In June last year APAC Coal and majority obtain additional permissions to enter the cen-
end users in China and India. shareholder Magnus Energy Group, along with tral areas currently not covered under existing
In February Waratah, formerly Waratah Gold, Magnus wholly-owned subsidiary Antig forestry permits for the purposes of conducting
secured firm commitments via private place- Investments, issued a Notice of Intent to further geological survey work, and identifying
ment to sophisticated investors to raise $1.08 Resolve Investment Dispute through suitable access to the Eastern area for further
million. Its main focuses are the Youkou Iron Consultations and Negotiations to the drilling.
Ore Project in Gabon, Central Africa, and the Government of the Republic of Indonesia. A similar request has been made to enter the
Okanabora direct shipping ore iron project in The purpose of this action is to seek recourse central areas in the MBE concession areas for
the Republic of Congo. under the agreement between the Singapore and survey work and identifying access for drilling.
Social Impact Assessment for Block VI of the Thar Coalfield submitted in Crown Mountain model updated
2013 concerning its environmental plan.
Jameson Resources continues to advance the Crown Mountain Coking
Following the MoU with SEPCO Electric Power Construction
Coal Project in British Columbia, Canada, with work well under way on the
Corporation, which was announced on November 21, 2013, Oracle and
pre-feasibility study. Final quality results confirm property-wide coking
SEPCO are working on a Joint Development Agreement which they hope
coal characteristics that are within the range of typical hard coking coal
will be concluded shortly.
shipments from the Elk Valley Coalfield.
Oracles CEO Shahrukh Khan says, We are delighted to announce this
Norwest Corporation has updated the geologic model with the results
significant development. The issuance of the No Objection Certificate rep-
from the 2013 drilling program and re-estimated the Crown Mountain
resents another major milestone in the development of our Thar Coalfield
resource by incorporating results from the 2013 drilling program.
project.
Measured and indicated resources increased by 8.6 million tonnes, from
The Board continues to advance towards the development of the proj-
66.3 to 74.9 million tonnes. The inferred resource remains at 23.7 million
ect, and shareholders should expect to receive further progress updates in
tonnes as the Southern Extension was not explored in 2013.
due course.
Coal quality test work on samples collected from the 2013 drilling pro-
Production begins at Kangala gram has been completed and with a CSR range of 67 to 76 the Crown
Production has commenced at Universal Coals Kangala mine, 65km Mountain coal is comparable to that shipped from nearby mines. Norwest
from Johannesburg, South Africa. First delivery was made in March in line believes the product will compare favourably with the best hard coking
with first commercial production having begun in February. coals in Canada.
The delivery is part of an offtake agreement with South Africas leading Environmental assessment work continues as a fast-track program.
power utility ESKOM for annual supply of 2 million tonnes. Remaining Stream water quality sampling continued on a monthly basis and the
production will target the lucrative export markets, via an offtake agree- required 2-year history was expected to be completed in April. Ground
ment with South African coal producer Exxaro Resources. water monitoring is ongoing, the weather station is operating, a wildlife
Kangala is the companys first coal mine and the operation is now ramp- study has been completed, and overburden characterization is progressing.
ing up towards its annual nameplate capacity of 2.4 million tonnes, of
which 2.1 million tonnes is saleable.
Berkh Uul on fast-track
Universal Coals CEO Tony Weber says, This marks a significant mile- Viking Ashanti has won control of takeover target Auminco Mines by
stone as we progress towards becoming a mid-tier coal producer. Kangala gaining acceptances of 90.96% for the unlisted coal development company
will provide steady and strong cash flow for the decade to come, laying the and intends to fast-track production at the Berkh Uul project in northern
foundation for further growth in helping to fund the progress of our pipeline Mongolia. The takeover offer period has been extended to Friday, May 23.
of quality coal assets. Unlisted private Australian company Auminco holds the Berkh Uul proj-
ect that is next to a rail link that connects with Russian markets, and pro-
Dulanga coal production schedule vides quick access to domestic power plants and industrial users at Darkhan
NTPC Limited, Indias biggest power generator, hopes to start produc- and Ulaanbaatar. It has JORC resources of 38.3 million tonnes of high qual-
tion from its allotted Dulanga coal block by March 2015. With a mineable ity, open pittable unwashed bituminous coal.
reserve of 152 million tonnes, the block is in the Ib valley coalfields and Successful production at Berkh Uul would provide significant cash flows
linked to NTPCs 1600MW super thermal power station being developed to develop the remainder of the combined group's portfolio as well as seek
at Darlipalli in Sundargarh district. out further production and near- term production opportunities.
The cost of developing the block is estimated at 1556.65 crore and to Auminco shareholders will emerge with a 47% stake in Viking, and play
date NTPC has spent 76.92 crore on the project. In-principle environment a major role in the evolution of Viking as a participant in the Mongolian
clearance was secured in March 2012 with final clearance expected after thermal and coking coal markets. Auminco was established by founding
receipt of the Stage-I forest clearance. shareholders and management of Coalworks Ltd which was sold to
The development will occupy 464.15 acres of private land with notifica- Whitehaven Coal in mid-2012.
tion under Section 11 of the Coal Bearing Areas CBA Act, 1957 issued. Development risk is considered lower than for most Mongolian coal
Land rates have been finalized and disbursement of compensation will companies as overall CAPEX for Berkh Uul is low by most standards;
commence after approval from NTPCs board. The development of town- start-up mining rate will not be large, with flexibility to build over time
ship, rehabilitation & resettlement colony and necessary infrastructure with simple and proven mining and processing technology, thus reducing
needs another 410.07 acres of land. funding and execution risk. In addition to an expanding domestic market,
demand from coal hungry Russia and China is forecast to drive growth in
Arch sells Hazard subsidiary the Mongolian coal market at an exponential rate.
Arch Coal has sold its Hazard subsidiary to Blackhawk Mining for
US$26.3 million in cash, prior to post-closing adjustments. The sale Joint venture plan for Panorama
includes the Hazard thermal coal mining complex and related infrastructure Atrum Coal has entered into joint venture discussions with Kuro Coal to
as well as about 38 million tonnes of thermal coal reserves in eastern develop its Panorama Anthracite Project in British Columbia, Canada.
Kentucky, USA. Kuro Coal is the spinout company of Atrum Coal and will be listed on the
As part of the sale, Arch has divested $15.6 million of reclamation liabil- ASX via IPO.
ities to Blackhawk, and expects to be released from $43.8 million of recla- Atrums executive director Russell Moran says, A joint venture at
mation surety bonding. In addition, Arch has the potential to receive future Panorama is a win-win for Atrum and Kuro. The deal creates co-develop-
royalty payments of up to $35 million in aggregate over the next five years ment and co-marketing opportunities that will benefit both companies.
resulting from its retention of select coal reserves at Hazard. Panorama is about 20km west of Atrums flagship Groundhog Anthracite
The sale of our Hazard subsidiary demonstrates that we are continuing Project. It consists of two granted coal licences totalling 850 hectares of
to streamline our mining portfolio and monetize assets that are not essen- contiguous tenure that is the subject of the proposed joint venture. The
tial to our future growth plans, says Archs president and CEO John W Panorama area is the only other known outcrop of the Groundhog Coalfield
Eaves. This transaction allows us to further sharpen our focus on strategic and is believed to be prospective for high grade anthracite.
assets that have the highest return potential, such as our growing The Atrum Board believes a joint venture rather than spin-out of
Appalachian metallurgical coal franchise and our low-cost Western thermal Panorama is appropriate. This will enable Atrum to retain influence over
coal platform. At the same time, the proceeds from the sale further strength- the exploration and development of this potentially high grade and ultra-
en our already substantial cash and liquidity position. high grade anthracite asset.
Rahman prefers
Atlas Copco
DM45 rigs
PT Rahman Abdijaya, a contract mining com-
pany at the Adaro coal mine near Tanjung in
Kalimantan, is one of two companies using
Atlas Copcos DM45 rotary blasthole drill rig.
Rahman has used other drills but operators say
they prefer the easy operation of the DM45.
The Adaro mine produced 48 million tonnes drill string. make the DM45 easier to operate than the other
of coal in 2012 and Rahman produced 6.5 mil- The company blasts daily at midday. Because drills hes run over the years:
lion tonnes of that. There are three DM45 rigs the rock is unconsolidated and includes clays First are the controls. He says the controls
working at the mine. and gravels, energy disbursement in the blast is are hands-on simple and make it difficult to
The coal seam sits on a slanting angle of 30 critical. Drill Foreman Rio Hartono explained make mistakes.
to 45 degrees and is about 7 metres thick with the blasting method as being a 50kg and 50kg Secondly are the connections - the act of
nine metres of overburden above it. As the over- deck loading. The 8-metre hole is charged with adding and removing drill pipe. Connections
burden is pushed back from surface, the mine 100kg of liquid emulsion, 50 on top and 50 on are fast and simple with the DM45. The action
operates on a 7 metre-wide by 16 metre-high the bottom, shot in two stages. Although the is quick and easy. There is no wasted effort.
bench system. The coal body is mined to a two levels are shot simultaneously - the bottom Finally, the safety shutout is a favourite fea-
depth of 10 metres and totals 146,645sqkm. and top of the hole are separate non-electric ture for Rudi Hartono. Other blasthole drills
Rahman uses multiple Atlas Copco DM45 charges - the double charge ensures good frag- will not lock out tramming when the pipe isnt
rigs in a systematic drilling operation. On aver- mentation throughout the bench. all the way back at its start position. He has seen
age a three-rig team drills 100 to 120 metres per Rudi Hartono has been a drill operator for six occasions in which drillers will not get the drill
pattern. The current burden pattern is 6 metres years and has operated four different drills rigs, pipe out of the hole before tramming, resulting
by 7 metres. The tooling Rahman prefers is the including blasthole and crawler-type drills. He in damage and downtime.
Atlas Copco 7-inch tricone bit with aggres- likes the ease and simplicity of the DM45 over At Adaro mine the mining continues and with
sive conical buttons. Thirty-foot lengths of all the drills hes operated from various manu- the Atlas Copco drill at the lead, it continues to
Atlas Copco 6 inch OD pipe complete the facturers. He points out three things he says be one of the worlds top coal producing sites.